W2 Energy updates project status

W2 Energy Inc., a U.S.-based green energy company, reported in a corporate status update in November that economic conditions have financially hindered the company's projects. However, a biodiesel subsidiary formed in June continues to negotiate for a site. Meanwhile, joint ventures with Combustibles Alternativos Chile and Bangkok, Thailand-based Better World Energy are awaiting financing. W2 Energy has also begun to market small-scale biomass-to-energy systems that can produce liquid fuels and electricity.

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